Bank growth fails to prop up benchmark

Bank chips aside, the Athens bourse gave up some ground on Thursday, although this may well be a mere sign of volatility unless the next few days confirm the creation of a new, downward trend. The robust showing by banks suggests otherwise, as their index expanded by 2.04 percent.

The Athens Exchange (ATHEX) general index closed at 1,346.35 points, contracting 0.99 percent from Wednesday’s 1,359.81 points. The large-cap FTSE/ATHEX 25 declined 0.82 percent to 432.82 points.

Most blue chips headed south, led by Jumbo (down 4.10 percent), Public Power Corporation (3.60 percent) and Corinth Pipeworks (2.78 percent), while Piraeus Bank climbed 6.01 percent and Eurobank Properties added 4.55 percent.

In total, 55 stocks posted gains, 92 took losses and 19 were non-movers.

Turnover amounted to 113.6 million euros, just up on Wednesday’s 113 million.